RDL Realisation’s Proposals to Accelerate Repayment of Zero Dividend Preference Shares Issued by Its Subsidiary


Sidley represented RDL Realisation plc, a premium listed investment fund, on its proposals to accelerate the repayment of the Zero Dividend Preference Shares issued by its subsidiary, RDLZ Realisation plc (RDLZ).

The proposals are being implemented by a members’ voluntary liquidation of RDLZ which commenced on June 20, 2019.

RDL Realisation PLC provides consumer finance services. The Company offers term loans, invoice receivables, factoring, and asset financing solutions.

The Sidley team in London was led by James Wood (Picture, M&A), with support from Struan Oliver (of counsel, M&A), John Van de North (senior counsel, Private Equity), Daire Carr (associate, Private Equity), Andrew Cebula (associate, M&A), Chris Morgan (trainee solicitor, Private Equity), Matthew Shankland (partner, Commercial Litigation and Disputes), Harriet Ter-Berg (associate, Commercial Litigation and Disputes), Oliver Currall (partner, Tax), Jifree Cader (partner, Restructuring) and Dhevine Chandrapala (associate, Restructuring).

Involved fees earner: Jifree Cader – Sidley Austin LLP; Daire Carr – Sidley Austin LLP; Andrew Cebula – Sidley Austin LLP; Dhevine Chandrapala – Sidley Austin LLP; Oliver Currall – Sidley Austin LLP; Struan Oliver – Sidley Austin LLP; Matthew Shankland – Sidley Austin LLP; Harriet Ter-Berg – Sidley Austin LLP; John Van de North – Sidley Austin LLP; James Wood – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: RDL Realisation PLC;